Pool Corp Executive Bonus 8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
______________
FORM
8-K
______________
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported) February 20, 2007 (February 13,
2007)
______________
POOL
CORPORATION
(Exact
name of registrant as specified in its charter)
______________
Delaware
0-26640 36-3943363
(State
or other
jurisdiction of incorporation) (Commission
File Number) (IRS
Employer Identification No.)
109
Northpark Boulevard, Covington, Louisiana 70433-5001
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code (985)
892-5521
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions:
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(e)
On
February 17, 2005, Pool Corporation filed a Form 8-K describing
the Pool
Corporation Executive Bonus Plan (the “Bonus Plan”) pursuant to Item
601(b)(10)(iii)(A) of Regulation S-K, which requires a written description
of a
compensatory plan or arrangement when no formal document contains the
compensation information. On February 13, 2007, the Compensation Committee
of
our Board of Directors amended the objective performance measures for each
of
the following Named Executive Officers as follows: Mr. A. David Cook - earnings
per share, operating profit, return on assets, complementary sales and gross
margin, organization planning and development and certain sales and marketing
program initiatives; Mr. John M. Murphy - earnings per share, gross margin,
sales, complementary product sales and gross profit and certain global sourcing
and supply related objectives; and Mr. Christopher W. Wilson - earnings per
share, operating profit, return on assets, complementary sales and gross margin,
organization planning and development and certain sales and marketing program
initiatives. These same performance measures will continue to be used for future
years until changed by the Compensation Committee of our Board of Directors.
The
performance measures for Messrs. Perez de la Mesa and Joslin were also approved
on February 13, 2007, by the Compensation Committee of our Board of Directors,
but remain materially unchanged from those measures previously reported in
the
Form 8-K filed on February 17, 2005.
Such
Named Executive Officers continue to be eligible to earn their respective annual
incentive bonuses in an amount equal to up to 100% of their base salary. Payment
of bonuses (if any) is normally made in February after the end of the
performance period during which the bonuses were earned.
__________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
POOL
CORPORATION
By: /s/
Mark W. Joslin
Mark W. Joslin
Vice
President and Chief
Financial Officer
Dated:
February 20, 2007